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Required Information Problem 3-9A (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.]
Required Information Problem 3-9A (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $25,800 Credits 16,600 14,400 160,000 $7,900 7,000 155,000 46,900 $216,800 $216,800 The following is a summary of the transactions for the year. 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $146,100, and on account, $58,200. Collect on accounts receivable, $52,700. Receive cash in advance from customers, $14,100. Purchase supplies on account, $11,600. Pay property taxes, $9,700. Pay on accounts payable, $12,600. Pay salaries, $135,600. Issue shares of common stock in exchange for $39,000 cash. Pay $4,000 cash dividends to stockholders. Problem 3-9A (Algo) Part 4 4. Prepare an unadjusted trial balance. ZIPS STORAGE Unadjusted Trial Balance December 31, 2024 Accounts Debit Credit Cash Accounts Receivable Prepaid Insurance 14,400 Supplies 11,600 Land 160,000 Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends 46,900 4,000 Service Revenue Property Tax Expense Salaries Expense 9,700 135,600 Insurance Expense Supplies Expense Totals $ 335,300 $ 46,900
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